BOFIT Forecast for China 2020–2022 / 2

Show full item record

Title: BOFIT Forecast for China 2020–2022 / 2
Organization: Bank of Finland
Department / Unit: Institute for Economies in Transition (BOFIT)
Series: BOFIT Forecast for China
Series number: 2/2020
Year of publication: 2020
Publication date: 17.9.2020
Pages: 5
Subject (yso): taloudelliset ennusteet; taloudellinen kehitys
Keywords: Bofit-kokoelma; Kiina; China; ennusteet; taloudelliset katsaukset; talouskasvu
Other keywords: China; forecast; economic development
Abstract: China’s economy has bounced back from lockdown in the first months of this year, as the country was able to lift restrictions to prevent the spread of the coronavirus, implement stimulus measures and demand for pandemic-related products boosted industrial output. We expect China’s GDP to grow slightly this year. While the rate of recovery has levelled off, the 2021 growth figure will be impressive given the weak comparison number for this year. The recovery of the economy has been uneven, with many existing structural problems made worse. The largest risks of the forecast are associated with a new broad-based wave of coronavirus infections and financial sector problems from a reacceleration in indebtedness while firms in many branches are finding it harder to service debt. Uncertainty is heightened by deteriorating foreign relations, especially with the United States.
Note: Published also in Finnish by the name BOFIT Kiina-ennuste
Rights: https://helda.helsinki.fi/bof/copyright


Files in this item

Total number of downloads: Loading...

Files Size Format View
bcf220.pdf 93.61Kb PDF View/Open

This item appears in the following Collection(s)

Show full item record